Under Armour Inc A (UAA)
Debt-to-equity ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 662,531 | — |
| Total stockholders’ equity | US$ in thousands | 2,153,290 | 1,998,400 | 2,088,990 | 2,088,990 | 1,675,990 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.32 | 0.00 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,153,290K
= 0.00
The debt-to-equity ratio of Under Armour Inc A has fluctuated over the past five years, ranging from 0.28 to 0.60. A lower debt-to-equity ratio indicates that the company relies less on debt financing and has a stronger equity position. In this case, the company's debt-to-equity ratio decreased from 0.32 in 2021 to 0.28 in 2024, suggesting a decrease in the proportion of debt relative to equity in the capital structure. This indicates improved financial stability and reduced financial risk for the company. Conversely, the spike in the ratio to 0.60 in 2020 may have been a cause for concern, as it suggests a higher level of debt relative to equity, potentially increasing financial risk. Overall, the declining trend in the debt-to-equity ratio over the years indicates a positive financial trend for Under Armour Inc A, reflecting a healthier balance between debt and equity in its capital structure.
Peer comparison
Mar 31, 2024